Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly boost your returns by picking above-average stocks. To wit, the Nanjing Panda Electronics Company Limited (SHSE:600775) share price is 48% higher than it was a year ago, much better than the market decline of around 17% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! On the other hand, longer term shareholders have had a tougher run, with the stock falling 16% in three years.
Since the long term performance has been good but there's been a recent pullback of 6.9%, let's check if the fundamentals match the share price.
View our latest analysis for Nanjing Panda Electronics
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Over the last twelve months, Nanjing Panda Electronics actually shrank its EPS by 57%.
So we don't think that investors are paying too much attention to EPS. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment.
We are skeptical of the suggestion that the 0.1% dividend yield would entice buyers to the stock. Revenue was pretty stable on last year, so deeper research might be needed to explain the share price rise.
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
SHSE:600775 Earnings and Revenue Growth September 19th 2022
Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
A Different Perspective
It's nice to see that Nanjing Panda Electronics shareholders have received a total shareholder return of 48% over the last year. Of course, that includes the dividend. There's no doubt those recent returns are much better than the TSR loss of 1.6% per year over five years. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. It's always interesting to track share price performance over the longer term. But to understand Nanjing Panda Electronics better, we need to consider many other factors. For example, we've discovered 3 warning signs for Nanjing Panda Electronics (1 can't be ignored!) that you should be aware of before investing here.
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CN exchanges.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
被动投资指数基金可以产生与整体市场大致相当的回报。但你可以通过选择高于平均水平的股票来显著提高回报。也就是说,南京熊猫电子有限公司(上海证券交易所股票代码:600775)股价较一年前高出48%,远好于同期约17%的市场跌幅(不包括股息)。如果它能够长期保持这种优异的表现,投资者将会做得非常好!另一方面,较长期股东的表现更为艰难,该股在三年内下跌了16%。
由于长期表现良好,但最近有6.9%的回调,让我们看看基本面是否与股价匹配。
查看我们对南京熊猫电子的最新分析
本杰明·格雷厄姆(Benjamin Graham)的原话是:短期内,市场是一台投票机,但从长远来看,它是一台称重机。评估围绕一家公司的情绪变化的一个有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
在过去的12个月里,南京熊猫电子的每股收益实际上缩水了57%。
因此,我们不认为投资者对每股收益给予了太多关注。因此,目前投资者似乎更看重每股收益以外的其他指标。
我们对0.1%的股息收益率将吸引买家买入该股的说法表示怀疑。营收与去年相比相当稳定,因此可能需要更深入的研究来解释股价上涨的原因。
下图显示了收益和收入随时间的变化情况(如果您点击该图,您可以看到更多详细信息)。
上海证交所:600775收益和收入增长2022年9月19日
资产负债表的强健至关重要。也许很值得一看我们的免费报告其财务状况如何随着时间的推移而发生变化。
不同的视角
很高兴看到南京熊猫电子的股东在过去一年里获得了48%的总股东回报。当然,这包括股息。毫无疑问,最近的回报率比过去五年TSR每年1.6%的损失要好得多。我们通常更看重短期的长期表现,但最近的改善可能暗示着业务内部出现(积极的)拐点。跟踪股价的长期表现总是很有趣的。但要更好地了解南京熊猫电子,我们还需要考虑许多其他因素。例如,我们发现南京熊猫电子的3个警示标志(1不容忽视!)在这里投资之前你应该意识到这一点。
如果你喜欢和管理层一起买股票,那么你可能会喜欢这本书免费公司名单。(提示:内部人士一直在买入这些股票)。
请注意,本文引用的市场回报反映了目前在CN交易所交易的股票的市场加权平均回报。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。